Zhitong Finance App News, Wansheng Co., Ltd. (603010.SH) announced that in order to enrich the company's product categories, the company or its subsidiary funds intend to acquire no less than 51% and not more than 67% of the shares of Guangzhou Entropy Energy Innovative Materials Co., Ltd. (“Entropy Energy New Materials”) through cash. The specific acquisition entity and acquisition ratio, transferee entity and transfer ratio are subject to the formal investment agreement. After the transaction is completed, the company will become the controlling shareholder of Entropy New Materials.

According to the announcement, Entropy Energy New Materials is a technology-driven enterprise specializing in R&D, production and sales of polymer material additives. It independently develops and produces products such as anti-dripping agents, toughening agents, and polymer processing aids, which are mainly used in engineering plastics and general plastics industries, and the products are eventually used in automobiles, new building materials, electronics, etc. The main polymer material additives it produces are key materials encouraged by the country and supported by industrial policies, and play a key role in improving the properties of polymer materials and giving them functions.

According to reports, the anti-dripping agent of Entropy Energy is used in combination with the company's flame retardant in engineering plastics such as PC, ABS or PC/ABS alloys to improve flame retardant and drip resistance; ASA high rubber powder with excellent properties can horizontally expand the company's business type on the polymer additive circuit; it is conducive to the horizontal expansion of Wansheng's product categories, which is in line with the company's strategic goal of building a fine chemical platform. In addition, polymer additives such as anti-dripping agents and toughening agents for new Entropy Energy materials and Wansheng's flame retardants are all well-known domestic and foreign customers in the downstream market segment, and can complement each other and be deeply bound in terms of customer channels.